If there is a stock I like that I believe is poised for growth, but it declined today because the whole market was down, then I consider it to be on sale. For example, Home Depot is down $10 on the week. I think it has plenty of room to grow based on recovery from hurricanes, tax relief, etc. I was buying shares at $200+, and I'll buy more at $195.queso1 said:
How is this a buying opportunity? The market fell 2.5%. It made that in probably the last 3 weeks. Buying now would be the same as buying 3 weeks ago, right?
This is why I don't try to time the market. I just throw money at it every month with not stopping.
cgh1999 said:If there is a stock I like that I believe is poised for growth, but it declined today because the whole market was down, then I consider it to be on sale. For example, Home Depot is down $10 on the week. I think it has plenty of room to grow based on recovery from hurricanes, tax relief, etc. I was buying shares at $200+, and I'll buy more at $195.queso1 said:
How is this a buying opportunity? The market fell 2.5%. It made that in probably the last 3 weeks. Buying now would be the same as buying 3 weeks ago, right?
This is why I don't try to time the market. I just throw money at it every month with not stopping.
Also, while I believe the correction will continue, I still expect this year to be a good year for the market. Maybe not as good as last year, but still up solidly. If you believe that, then keep buying stocks you like.
wessimo said:
On track for single largest daily point drop in Dow ever.
Wheeeeeeeeeeee
azulAg said:
lol ****, what is causing this ? It cant just be the interest rates right ?
Ok, ~-3.5% with daily low at ~-4%. Better?SoupNazi2001 said:
Personal pet peeve. Point drop means nothing only % matters. DOW 3x what it was in 08.
azulAg said:
lol ****, what is causing this ? It cant just be the interest rates right ?
Quote:
The Dow Jones Industrial Average was off more than 1,500 points at its lows on Monday, after a period of selling accelerated sharply headed into the close of the session. Amplifying the slump was computer-programmed trade set to dump shares at certain levels. According to traders, the Dow DJIA, -3.26% was set to trigger trades once it fell below 25,000, for example, and 2,700 for the S&P 500 SPX, -2.63% Most recently, the S&P 500 was off 82 points, or 3.1% at 2,675, the Nasdaq Composite Index COMP, -2.17% was down 178 points, or 2.5%, at 7,065. The Dow, meanwhile, lost as much as 1,500 points, and was most recently down 883 points, or 3.4%, at 24,642.
take out the periods. they're censoring "m.a.r.k.e.t.w.a.t.c.h." for some reason.azulAg said:
your link doesnt work
Yep, auto trade to help mitigate losses fueled even more losses.SoupNazi2001 said:Yes that is better which is nothing in historical terms for a daily loss. What is a little more unnerving is the intensity of the drop less than a week off of all time highs. Just shows how the computers control the market now, and computers have no emotion or care when they sell or buy.The Wonderer said:Ok, ~-3.5% with daily low at ~-4%. Better?SoupNazi2001 said:
Personal pet peeve. Point drop means nothing only % matters. DOW 3x what it was in 08.
Look at the last 6 letters and then chop off the last 2.The Wonderer said:take out the periods. they're censoring "m.a.r.k.e.t.w.a.t.c.h." for some reason.azulAg said:
your link doesnt work
Never thought of that. But cock is ok. Goofy mods are goofy.khkman22 said:Look at the last 6 letters and then chop off the last 2.The Wonderer said:take out the periods. they're censoring "m.a.r.k.e.t.w.a.t.c.h." for some reason.azulAg said:
your link doesnt work
